1800 Ashmun St - Hospitality FOR SALE


Sault Sainte Marie, MI 49783
$995,000 USD
231-835-1555
1800 Ashmun St, Sault Sainte Marie, MI for Sale
$995,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

1800 Ashmun St
Sault Sainte Marie, MI 49783


HIGHLIGHTS

  • Turn-key 18-unit motel with owner’s quarters.
  • Positioned along a major commercial corridor with strong visibility.
  • New roof installed in 2026.
  • Recent guest room updates include flooring and paint improvements.
  • Benefits from tourism, university, and maritime-related demand drivers.
  • Located near the Soo Locks and regional transportation infrastructure.

OVERVIEW

1800 Ashmun Street presents an opportunity to acquire a turn-key hospitality asset positioned along Ashmun Street, one of Sault Ste. Marie’s primary commercial corridors. The property consists of an 18-unit motel with an owner’s quarters and benefits from visibility, accessibility, and proximity to the city’s tourism, educational, and maritime economic drivers. The asset is located within a market supported by year-round visitation, cross-border activity with Ontario, and the region’s transportation and shipping industries. Nearby demand generators include Lake Superior State University, the Soo Locks visitor area, regional commercial services, and employment centers throughout the eastern Upper Peninsula. The ongoing Soo Lock infrastructure investment is expected to continue attracting contractors, business travelers, and workforce-related lodging demand to the area. Recent ownership improvements include a new roof installed in 2026 and updates to several guest accommodations, helping reduce near-term capital expenditure requirements while enhancing guest appeal. The combination of established operations, continued infrastructure investment in the region, and a location along a well-traveled commercial route creates an opportunity for investors seeking cash flow or owner-operators looking to expand their hospitality portfolio.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$220 USD /SF

# OF ROOMS

18

PRICE/ROOM

$55,278 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seaway Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,452 SF

ZONING

B3

APN/PARCEL ID

051-546-001-00

ASK ABOUT THIS PROPERTY

Sue LouiselleColdwell Banker Schmidt RealtorsMore Info
231-835-1555

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Sue LouiselleColdwell Banker Schmidt RealtorsMore Info
231-835-1555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.